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Markit Ltd. (MRKT)

- NASDAQ
  • Fri, Jun. 5, 9:06 AM
    • Selling shareholders unloaded 25.75M shares in the offering versus an expected 24.6M. It priced at $25.75 per share. The underwriters have the option to buy up to 1.75M shares at that price.
    • Markit intends to purchase from the underwriters 14M shares at the price paid to the selling shareholders of $24.91.
    • MRKT +1.3% premarket to $26.52.
    | Fri, Jun. 5, 9:06 AM | Comment!
  • Dec. 19, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: SAND +10.7%. MCHX +9.0%. NEM +3.0%. VRTX +2.8%. MRKT +2.6%.
    • Top losers, as of 5:15 p.m.: NG -9.0%. DNR -8.0%. EDU -7.2%. NBR -7.0%. CRK -4.4%.
    | Dec. 19, 2014, 5:36 PM | 3 Comments
  • Oct. 13, 2014, 3:47 PM
    • The fundamental story for Markit (MRKT +2.9%) is still intact and the valuation at 18x earnings is "compelling," says Morgan Stanley, upgrading the stock - down 15% since its summer IPO - to Outperform with $29 price target.
    • "Key positives: 1) Markit is a leading global provider of information and technology services to the financial sector. 2) It serves a large, fragmented market, providing critical services that are more efficient for customers to outsource. 3) It has a stable business model with high recurring revenue and >90% renewal rates. 4) The financial profile is attractive, with mid-single-digit rev growth and ~$250M in annual FCF. 5) MRKT has an experienced management team."
    | Oct. 13, 2014, 3:47 PM | Comment!
  • Jun. 19, 2014, 10:36 AM
    | Jun. 19, 2014, 10:36 AM | Comment!
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Company Description
Markit Ltd is a provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services.
Sector: Services
Country: United States